Is China facing a Japanese future?

So it's official. China has become the second-largest economy in the world, overtaking Japan. Based on Japan's 2010 GDP results, released on Monday, China's economy is about 7% bigger. China's ascension to No.2 (behind the U.S.) is yet another sign of the shifting fortunes of Asia's two great economic powers, and yet another milestone in [...]

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Overnight China reported disappointing export data, missing expectations of +5%. The gvoernment explained this on the basis that they were losing their competitive edge since the Yuan has strengthened to 20 year highs but perhaps most telling is that fact that, as the FT reports, China became the world's biggest trader in goods for the first time last year - overtaking the US for all of 2013.

Beijing (AFP) - China's manufacturing activity expanded in March for the first time since December, the government said Wednesday, a bright spot as the world's second-largest economy fights a broad slowdown in growth.

This post A Global Milestone at the G-20 China appeared first on Daily Reckoning.
Now that the G-20 has emerged as a global economic and political gathering it has evolved into a “committee to run the world.” It is also significantly worth paying attention to.

India’s deepening financial woes, which include a sputtering economy and free-falling markets, could worsen in the days and weeks ahead, fuelling fears of a full-blown crisis emanating from the world’s second-most populous country.

LONDON — The eurozone’s economic downturn deepened this month, even before Cyprus’ bailout troubles, but China’s factories took a completely different path and moved up a gear, business surveys showed on Thursday.
Figures due later from the United States are expected to show a pick up by factories in the world’s largest economy.
The eurozone survey results will add to the headache of policymakers battling to revive the currency bloc’s fortunes and now to deal with the potential default of one of its members.

Japan's economy grew at a much weaker than expected pace and was overshadowed by China in the second quarter, data showed Monday, amid further signs the global recovery is losing steam.With cooling exports and flat domestic consumption hitting Japan's growth in April-June, the data missed market estimates and pointed to the looming prospect of China overtaking Japan as the world's second-largest economy.Japan slipped behind its Asian rival in the second quarter on nominal terms, government data showed, while remaining just ahead of China in the first half.

Japan's economy grew at the slowest pace in the past three quarters during April-June, data showed Monday, as cooling exports and falling consumption showed the recovery was losing steam.The data also pointed to the looming prospect of China overtaking Japan as the world's second-largest economy, underlining its growing global clout after becoming the world's biggest exporter, auto market and steelmaker.While remaining just ahead of China in nominal terms in the first half, Japan slipped behind its Asian rival in the April-June period, government data showed.

TOKYO (Reuters) - This week's turbulence in Tokyo markets exposes a key risk of Prime Minister Shinzo Abe's all-in strategy to revive Japan's economy - if investor confidence falters, the government and the Bank of Japan may be left with few options to turn the tide.